Major Russian fund to ditch dollar, buy euros, yuan, gold

June 6, 2021 by No Comments

AssociatedPress/Vladimir Isachenkov/6-3-2021

photograph of various gold bars

“Finance Minister Anton Siluanov told an economic forum in St. Petersburg that the National Wealth Fund will turn its dollar-denominated assets into euros, yuan and gold.”

USAGOLD  note: Sanctions driven, but gold among the beneficiaries nevertheless……One month from today, Russia’s National Wealth Fund will hold 20% of its assets in gold.


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